Q: Company uses trust to securitize its accounts receivable and gets a bit more than book value for them. If the trust isn't consolidated with the co, what's the effect of the following: Over/under stated or no effect:
net income
total assets
total liabilities
current ratio
debt-to-equity ratio
Can someone tell me what they think ? In particular, please justify your answer for total assets and debt-to-equity.
Thank you
net income
total assets
total liabilities
current ratio
debt-to-equity ratio
Can someone tell me what they think ? In particular, please justify your answer for total assets and debt-to-equity.
Thank you